Fearnley Asset Management AS acquired 577,316 shares of Star Bulk Carriers Corp. The new position is valued at approximately $11.1 million. This investment represents a 0.49% stake in the shipping firm. The holding accounts for 5.1% of Fearnley’s total portfolio, making it the firm's ninth-largest position.
The purchase follows insider sales by the COO and a director totaling over $1.4 million in May and June. Star Bulk Carriers will pay a quarterly dividend of $0.50 per share on June 22nd. This payment marks an increase from the previous quarter.